The hotel industry globally has been benefiting from an uptick in demand, especially from corporate travelers, as a strengthening global economy boosts sentiment and spending.

Hilton, which gets more than three-quarters of its revenue from the United States, said overall revenue per available room (RevPAR) rose 3.8 percent in the fourth quarter, as more people booked rooms at higher prices.

RevPAR is a key metric to measure a hotel’s financial health and is calculated by multiplying the average daily room rate by the occupancy rate.

Hilton’s strongest RevPAR growth was a 7.6 percent increase in the Asia Pacific. With a rise of 3.2 percent, the U.S. RevPAR growth was the slowest among Hilton’s five geographies.

The RevPAR growth was better-than-forecasted across the board, Baird analyst Michael Bellisario said, adding he had expected Hilton to maintain its 2018 RevPAR growth forecast at 1 percent to 3 percent.

Hilton’s attributable net income was $840 million, including a $665 million benefit related to changes in the U.S tax law. It posted a loss of $387 million a year earlier, which included $513 million in restructuring charges.